USDCAD BULLISH TRIANGLE

5 ביוני 2023

On USDCAD, we have a bullish setup with the price forming a bullish triangle pattern. The objective is to wait for the price to confirm the pattern with two H1 candles above the daily volumes and for the price to break out and then bounce off the bullish triangle. Therefore, a possible setup involves entering the market around the 1.3445 area, with a target set at 1.3730, as it is currently the most significant supply level, considering that the preceding ones are all fake supplies.

Let me know your thoughts.

Happy trading to everyone.